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Explained 5 stock movements today

Last Updated: Friday, October 12, 2012 - 18:53

Rohit Joshi/ZRG

-Infosys tumbled after company reported yet another muted quarterly result: Stock slipped over 5 percent after company posted poor operating margins along with weaker outlook.

-Sugar stocks were the flavor of the day after Rangarajan Committee tabled report on Sugar Decontrol : Uttam Sugar (9.87 percent) , Dhampur Sugar (3.25 percent) all gained after Rangarajan recommended to lift curbs in the sugar sector.

-Tilaknagar Industries shined on acquisition buzz : Counter soared nearly 15 percent after reports suggested that company is planning for acquisition in North India.

-Deccan Chronicle rallied post sale of IPL franchise, Deccan Chargers team: Scrip got locked at 5 percent upper circuit after reports suggested that company has sold Deccan Chargers to Mumbai based, Kamala Landmarc.

-TTK Prestige plunged after poor Q2 earnings: Share slided 9.55 percent after company declared Q2 numbers. Profitability in second quarter declined by 10 percent to Rs. 30.28 crore on yearly basis.

First Published: Friday, October 12, 2012 - 17:47
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